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Naira Redesign Has Reduced Kidnapping, Banditry – Emefiele

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has stated that the redesign of the Naira notes has frustrated the activities of kidnappers and bandits operating in the country.
Emefieled, during the call in Abuja before the House of Representatives’ fact-finding ad hoc committee on the scarcity and the deadline for the old Naira notes, urged Nigerians to be patient with the CBN.
Emefiele urged those affected by the policy to bear with the apex bank, while urging Nigerians to comply with all directives.
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He said, “At this initial stage, there will be hitches, but it’s to make the Nigerian economy better and stronger.
“The redesigned naira notes and CBN’s cashless policy has moderated inflation in the country and curtailed the activities of kidnappers and bandits.
“Inflation is moderating, the exchange rate is stable, and we’re hoping that the naira can be stronger.”
